A Merrill, Wisconsin, trucking company and its affiliate brokerage business have filed for Chapter 11 bankruptcy.
Elite Carriers and ECI Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Wisconsin on Wednesday.
The businesses join three additional companies owned by Kirk Ecklund to file for bankruptcy protection: KLE Equipment Leasing, Olson Equipment Leasing and Wausau Office Space.
According to the bankruptcy filing obtained by FreightWaves, Elite Carriers owes $1 million-$10 million in liabilities to one to 49 creditors. The company has $1 million-$10 million in assets.
Likewise, ECI owes $1 million-$10 million in liabilities to one to 49 creditors and also has $1 million-$10 million in assets.
Top creditors for Elite Carriers are Pathward in Franklin, Tennessee, and Plymouth Lubricants in Sheboygan, Wisconsin. Amounts owed on both of these claims are listed as unknown.
ECI’s top creditors are Peoplenet Communications Corp., located in Dallas, claiming $45,238; Trimble Transportation, located in Dallas, claiming $34,634; and EMH of Larsen, located in Neenah, Wisconsin, claiming $24,900.
According to SAFER data, Elite Carriers employs 29 drivers and operates 28 power units. The interstate transport hauls general freight and paper products.
Over the past two years, Elite Carriers has been involved in four crashes, one of which reported an injury.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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